Personal finance
Planning to delay retirement may not rescue you from poor savings
Key Points Many people expect to keep working because they need extra retirement income. However, research shows workers often retire earlier than planned, perhaps due to a layoff or poor health. That means workers can’t rely on delayed retirement as a financial plan. For those who are able, working longer is among the best ways […]
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This 38-year-old is financially independent with passive income. Here’s how he built a 7-figure real estate portfolio
Shu Matsuo Post, 38, built a $2 million real estate portfolio, according to documents seen by CNBC Make It. Courtesy of Shu Matsuo Post The idea of financial independence can mean different things to different people, but one common way to define it is having enough money that you no longer need to rely on […]
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This is the ‘billion-dollar blind spot’ of 401(k)-to-IRA rollovers, Vanguard finds
Key Points Moving money from a workplace retirement plan like a 401(k) plan to an individual retirement account is common when switching jobs or retiring. Savers are often unaware their 401(k)-to-IRA rollovers sit in cash as a default. Holding excess cash is generally a mistake for long-term investors. Source
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When to book holiday travel this fall: ‘That window of low prices is brief,’ economist says
d3sign | Moment | Getty Images If you want — or need — to travel this holiday season, start planning now because the ideal time to book Thanksgiving, Christmas and New Year’s travel is fast approaching. “The most important thing is for travelers to continue to think about planning now and booking in October,” said […]
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Stocks often drop in September — but many investors shouldn’t care
Key Points September is historically weak for U.S. stocks. However, long-term investors likely shouldn’t sell out of the market. The seasonal weakness was tied to banking and farming practices before the early 1900s. Nowadays, it’s likely entrenched in investor psychology, experts said. Source
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Harris’ rise in polls sparks wave of wealth transfers to kids
Dimensions | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The tightening presidential race has touched off a wave of tax planning by ultra-wealthy investors, especially given […]
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Biden targets Shein, Temu with new rules to curb alleged ‘abuse’ of U.S. trade loophole
U.S. President Joe Biden delivers remarks during a visit to the United Association Local 190 Training Center in Ann Arbor, Michigan, U.S., September 6, 2024. Craig Hudson | Reuters The Biden administration announced new steps on Friday to curtail what it calls the “overuse and abuse” of a longstanding trade law that permits low-value shipments […]
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This 32-year-old cashed out on over $2 million in startup equity—here are five tips on how to negotiate for more shares
Bhavik Vashi, 32, made over $2 million after selling his equity in software startup Anaplan. Bhavik Vashi, 32, is living the dream of many Silicon Valley tech workers. He joined a promising startup, did his time and eventually the company was acquired, minting him as a millionaire. Shortly after graduating from the University of California, […]
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Here’s the deflation breakdown for August 2024 — in one chart
Key Points Deflation, contrary to inflation, is when prices fall for certain goods and services. Deflation tends not to occur across the overall U.S. economy outside of recessions. However, consumer prices have fallen in some categories, such as cars, household furniture and appliances, airfare, and certain groceries since August 2023, according to the consumer price […]
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Trump wants to make IVF free. Democrats, Republicans and experts are dubious
Former U.S. President and current Republican Presidential nominee Donald Trump speaks about the economy, inflation, and manufacturing during a campaign event at Alro Steel on August 29, 2024 in Potterville, Michigan. Bill Pugliano | Getty Images Former President Donald Trump says that he wants to make in vitro fertilization treatments free of cost, either by […]
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